An analyst at J.P. Morgan cut his 2009 Apple estimates to $4.75 a share on $34.7 billion in sales, down from his initial estimate of $4.86 a share on sales of $35.6 billion. Consensus estimates for Apple 2009 are $5.05 a share on sales of $36.2 billion.

In other financial related news, Apple is set to discuss its financial results from its most recent quarter on January 21 at 2:00 P.M Pacific Standard Time.